That's a cynical take.
When you go to Egypt, you can see multiple levels of greatness.
-The ancient pyramids, obviously.
-The middle ages- amazing architecture from them too.
-1800s and early 1900s colonization-era grand architecture.
When I look at pictures of my Egyptian grandparents-in-law (eg 1940s-1960s), it looks like the US from that era. It's very different than Egypt today.
Egypt has been heavily damaged by socialism/authoritarianism and developing market fiat currency.
It would be much better if individual Egyptians could choose which monies they hold, not have their capital constantly debased, and be able to participate in global commerce without frictions.
The "3rd world" is largely a fiat/colonization phenomenon. There's so much energy and capability there. I aim to do whatever small part I can to address the technological money issues, which are very specific to the past half-century.
Egypt is in ruins for the same reason Ukraine is - Geopolitics
Ukraine is Russia's buffer zone and Egypt is Israel's
Not everything is about money
Thread collapsed